📘

Skipify currently supports Mastercard Installments, making this payment method available to select Mastercard users.

Overview

Installment payments or buy now pay later payment methods give shoppers more control over how they pay, while helping merchants boost conversion rates and increase average order value.

Installment payment options are built directly into the Skipify experience and appear automatically for eligible shoppers and transactions. The shopper experience stays entirely within Skipify; no redirects to external installment providers.

Eligibility

Shoppers and merchants do not need to preemptively sign up for installment payments to qualify for or to take advantage of this payment method.

Installment payments are made available automatically via your Skipify merchant account.

Skipify takes care of determining the shopper's payment method and transaction eligibility for installment payments with our partners behind the scenes.

Funds Flow

The installment payment provider handles the payment plan and charges with the shopper directly.

Transactions are settled up-front with the merchant by the installment payment provider, so these will flow exactly like standard transaction types.

Post authorization events such as refunds, cancels and voids are handled as normal.

Checkout with Installment Payments

Shoppers begin the Skipify checkout experience as normal. Following shopper lookup and successful shopper authentication, Skipify presents payment methods.

Payment Options

A Payment Options banner is surfaced for eligible payment methods. Shoppers may choose to Pay in full or Pay over time.

Installment Plan Details

Selecting Pay over time renders the available installment plans from the provider.

Selecting a specific installment plan renders the following details:

• order total
• interest (%) and corresponding total fee (CURR) charged to the shopper
• total plan cost (CURR) the shopper is responsible for
• powered by (logo of installment provider)
• installment provider's terms & conditions

Payment

Upon order completion, the transaction is settled as normal (original order total).

These transaction types can be identified by the payload{}.isInstallments = true boolean returned via Skipify asynchronous webhooks.

Shopper FAQs:

Installment splits are managed by the card issuer. Shoppers may initially see a debit for the full amount followed by a credit once the plan settles, after which monthly plan payments will be debited individually.

Shoppers should contact their card issuing bank directly to resolve any issues regarding installments.